China’s New Foreign Investment Law: Quick Passage after a Long Wait

The 2017 NPC Government Work Report then called for the government to “revise the catalog of industries open to foreign investment” in order to improve the investment environment in China (PRC State Council, March 5 2017). The proposed changes were made in part because the first iterations of the negative list included a relatively long list of restricted sectors. In 2014, the list contained 139 restricted and prohibited areas, “down from 190 restrictions in 2013” (US-China Business Council, 2014).